All banks are already looking to consolidate their operations. They will present a more detailed plan, which will incorporate rationalisation of branches, differentiated products and services, and stringent austerity measures.

Under the prompt turnaround plan, the public sector bank would resort to a host of measures including claiming back the entire amounts disbursed against standby letters of credit issued by other banks.

Last few months there has been lot of speculations about the reduction of the interest rates by Reserve Bank of India(RBI) and people felt that the with the pressure from the Finance Ministry, the premier Institution would reduce the rate of interest. Full credit goes to the Premier Institution that in Bi-monthly policy announced in the month of December 2016 and February 2017 the RBI has maintained its independence and choose not to reduce the rate of Interest and keep the same constant. Lets Read more..

Pecking order imbues fund mobilisation. Companies prefer exhausting their debt sources before examining equity funds. However, the debt-equity limit imposed by banks muffle companies debt expectations. The borrowing scope is further attenuated when market is subdued, and sometimes regulation itself rations the borrowing. In harmony with the extant policy of the Ministry of Finance and considering the foreign debt levels and the volume of foreign portfolio investments in Indian markets, the Read more..

Fintech is a term which has gained increasing prominence over recent years. While originally it was used to describe general technologies applied to the financial sector, it has come to be more closely associated with technologies that are disrupting financial services. The success, or otherwise, of the Fintech boom is a hotly debated topic globally, with a recent article by The Times in the UK going so far as to suggest that Fintech seems like little more than a trendy rebranding exercise. Read more..

What is Bitcoin To understand bitcoin and the technological breakthrough it represents, we need to go back in time and understand the invention of money.Money preexisted writing and the earliest writing discovered is an accounting ledger (who owes how much money and to whom). We have all read in high school economics that money needs to be scarce, durable, divisible and portable. What we have used as money has changed several times in history. From sea shells, beads, cattle to gold to paper Read more..

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